Current:Home > ContactGeorgia Gov. Kemp declares state of emergency over inflation -Horizon Finance School
Georgia Gov. Kemp declares state of emergency over inflation
View
Date:2025-04-25 17:27:09
Georgia Gov. Brian Kemp has declared a state of emergency in response to high inflation, blaming policies coming out of Washington, D.C.
Kemp is temporarily suspending Georgia's excise tax -- taxes enforced on particular goods, services and activities -- on motor and locomotive fuel, his office said in a press release on Tuesday.
"From runaway federal spending to policies that hamstring domestic energy production, all Bidenomics has done is take more money out of the pockets of the middle class," Kemp said in the press release. "While high prices continue to hit family budgets, hardworking Georgians deserve real relief and that's why I signed an executive order today to deliver it directly to them at the pump."
MORE: New Apple iPhone features USB-C port, improved cameras
He added that his administration will work with Georgia's General Assembly "to help Georgians weather the economic headwinds caused by this president, his administration, and their allies in Congress."
Kemp's executive order goes into effect at Midnight on Wednesday and lasts until Oct. 12.
Consumer prices increased 3.2% in July compared to a year ago, according to the Bureau of Labor Statistics.
Core inflation, which strips out volatile food and energy prices, rose 4.7% in July compared to a year ago, particualrly because price increases for commodities like new vehicles and housing stand above the overall inflation rate.
The U.S. Department of Labor will release the latest inflation numbers on Wednesday.
The governor said Georgia residents will save "31.2 cents per gallon of gasoline and 35 cents per gallon of diesel fuel" under the state of emergency.
MORE: Inflation ticked up in July, reversing some progress in fight to slow price hikes
In March 2022, Kemp signed legislation suspending the state's gas tax following Russia's invasion of Ukraine, which led to a spike in gas prices across the country.
During that 10-month suspension, Georgians saved $1.7 billion at the gas pump, Kemp said in Tuesday's press release.
ABC News' Max Zahn contributed to this report.
veryGood! (8797)
Related
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- San Francisco police fire gun at Chinese consulate where vehicle crashed
- Monday's Powerball is over $1.5 billion. What are the 10 biggest Powerball jackpots ever?
- Auto workers begin strike at GM plants in Canada
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Big 12 pursuit of Gonzaga no slam dunk amid internal pushback, financial questions
- Full transcript of Face the Nation, Oct. 8, 2023
- Israel attacks spark outrage from GOP presidential candidates
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- 43 Malaysians freed from phone scam syndicate in Peru were young people who arrived a week earlier
Ranking
- Meta donates $1 million to Trump’s inauguration fund
- Georgia impresses, but Michigan still leads the college football NCAA Re-Rank 1-133
- What to know about the Psyche mission, NASA's long-awaited trip to a strange metal asteroid
- What causes muscle twitching? And here's when you should worry.
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- California governor vetoes bill requiring independent panels to draw local voting districts
- 2 elderly people found dead in NW Indiana home from suspected carbon monoxide poisoning
- Russia claims `neo-Nazis’ were at wake for Ukrainian soldier in village struck by missile killing 52
Recommendation
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
98 Degrees Reveals How Taylor Swift Inspired Them to Re-Record Their Masters
Full transcript of Face the Nation, Oct. 8, 2023
98 Degrees Reveals How Taylor Swift Inspired Them to Re-Record Their Masters
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Ads getting a little too targeted? Here's how to stop retailers from tracking your data
Mack Trucks workers join UAW strike after tentative agreement rejected
21 Savage cleared to travel abroad, plans concert: 'London ... I'm coming home'